Economic reforms and human development: evidence from transition economies

Carvalho, Antonio, Nepal, Rabindra and Jamasb, Tooraj (2015) Economic reforms and human development: evidence from transition economies. Applied Economics, 48 14: 1330-1347. doi:10.1080/00036846.2015.1100251

Author Carvalho, Antonio
Nepal, Rabindra
Jamasb, Tooraj
Title Economic reforms and human development: evidence from transition economies
Journal name Applied Economics   Check publisher's open access policy
ISSN 0003-6846
Publication date 2015-10-21
Sub-type Article (original research)
DOI 10.1080/00036846.2015.1100251
Open Access Status Not Open Access
Volume 48
Issue 14
Start page 1330
End page 1347
Total pages 18
Place of publication Abingdon, Oxon, United Kingdom
Publisher Routledge
Collection year 2016
Language eng
Abstract Do market-oriented economic reforms result in higher levels of human well-being? This article studies the impact of macro-level institutional and infrastructure reforms on the economic, educational and health dimensions of human well-being among 25 transition economies. We use panel data econometrics based on the LSDVC technique to analyse the effects of market-oriented reforms on the human development index (HDI), as a measure of human well-being, from 1992 to 2007. The results show the complexity of reform impacts in transition countries. They show that institutional and economic reforms led to positive economic effect and significant impacts on other dimensions of human development. We find some positive economic impacts from infrastructure sectors reforms. However, not every reform measure appears to generate positive impacts. Large-scale privatizations show negative effects in health and economic outcomes. The overall results show the importance of the interaction among different reform measures and the combined effect of these on human development.
Keyword Human development
Market reforms
Transition economies
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Non HERDC
School of Agriculture and Food Sciences
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Created: Tue, 12 Jan 2016, 11:48:59 EST by Rabindra Nepal on behalf of School of Agriculture and Food Sciences